Using general-application joint resolution number MH-DGT-RES-0016-2024, issued on June 24, 2024, the General Taxation Directorate and the Costa Rican Drug Institute once again modified the filing period for the 2024 ordinary filing of the Ultimate Beneficial Ownership Registry (“Registro de Transparencia y Beneficiarios Finales”). This year, each obligated party must comply with the filing between October…
Category Archives: News
Banking & Finance, Blog, Costa Rica, News
BLP advised IFC on an initial investment of US$2 million in ProNuvo
26
Jun
Jun
To bolster the circular economy in Latin America and the Caribbean, the International Finance Corporation (IFC) announced an initial investment of US$2 million in ProNuvo, a Costa Rica-based company specializing in the sustainable production of insect-based animal feed. The IFC financing, part of the institution’s upstream activities, will enable ProNuvo to complete the construction of…
Advertising, Marketing & Consumer Protection, Blog, Honduras, News
Law for the Control and Regulation of Energy Drinks in Honduras
19
Jun
Jun
On June 6, 2024, the Law for the Control and Regulation of Energy Drinks, decree no. 46-2024, was published in the Gazette. The law establishes regulations for selling and marketing energy drinks to people under 18. An Energy Drink is a non-alcoholic functional drink with a stimulating effect and a special combination of characteristic ingredients…
Blog, Costa Rica, News, Public Law, Public Procurement & Regulation
Tender for the critical care tower of the Costa Rica Children’s Hospital
17
Jun
Jun
On May 21, 2024, the Caja Costarricense del Seguro Social (CCSS) published in the SICOP platform the request of proposal number 2024LY-000005-0001101107, for the Design, Construction, Equipment and Maintenance of the Critical Care Tower for the Children´s National Hospital, Dr. Carlos Luis Saénz Herrera, under the turnkey modality, publicly known as “Torre de la Esperanza…
Banking & Finance, Blog, Guatemala, News
BLP advised IDB Invest and Finance in Motion on the investment in sustainable bonds to be issued by Banco Promerica in Guatemala
17
Jun
Jun
Banco Promerica’s public bond issue is the first such debt in Guatemala. It represents a significant investment project with the purpose of financing projects focused on protecting the environment and counteracting the effects of climate change. This issuance is part of a program in which Banco Promerica received approval from the Monetary Board of Guatemala…
Blog, Honduras, News, Tax
The Honduran Revenue Administration Service launches the new Virtual Office
17
Jun
Jun
On May 20, 2024, the Diario Oficial La Gaceta of Honduras published the Agreements SAR-236-2024, 237-2024, 238-2024, 239-2024, and 240-2024, which contain modifications to the way certain tax declarations are submitted and their respective deadlines. The most notable aspect is the implementation of the new Virtual Office of the Revenue Administration Service (SAR). According to…
Blog, Costa Rica, Free Trade Zones, News
Customs Update: Modification in tariff duties on the importation of paddy and milled rice
10
Jun
Jun
The General Directorate of Customs, through the resolution of general scope MH-DGA-RES-0936-2024, dated June 4, 2024, issues provisions on a new modification to the customs duties on grain and milled rice, in compliance with the resolution reached by the Court of Appeals for Administrative and Civil Litigation of the Treasury, as described in ruling No….
07
Jun
Jun
BLP has advised CAF (Development Bank of Latin America and the Caribbean), a multilateral financial organization, on its second bond issuance in Costa Rica, amounting to ¢47,250,000,000, equivalent to USD 94 million with a 6.35% coupon and a term of eight years, as structured by Citi and BCR Valores Puesto de Bolsa. With this issuance,…
Blog, Costa Rica, Labor & Employment, News
Law on the Protection of Whistleblowers and Witnesses of Acts of Corruption against Labor Retaliation
03
Jun
Jun
On February 8, 2024, Costa Rica passed a law to protect persons who report acts of corruption and the witnesses of those who report, which applies to both the public and private sectors. From the labor perspective, this law introduces a special protection jurisdiction and a series of measures to ensure that whistleblowers and witnesses…
Blog, Costa Rica, Labor & Employment, News
Changes to the Law Against Sexual and Labor Harassment in Employment and Teaching
03
Jun
Jun
In Costa Rica, some significant changes were recently made to the current law on labor and sexual harassment in employment and teaching. These changes seek to improve the effectiveness of the investigation process when it comes to notifying the opening of processes. The following provisions are the main adjustments to this Law: The workplace must…